Taiwan Semiconductor (TSMC) is one of the most important companies in the modern economy. It manufactures the tiny silicon chips that act as the “brains” inside smartphones, data centres, electric vehicles and the fast-growing world of artificial intelligence. These chips are built on ultra-thin silicon wafers and contain microscopic circuits that allow devices to process information and make calculations.

You’ve done the hard work of creating a workable financial life plan that accounts for your current circumstances and future goals. You’ve implemented it using evidence-based, well-diversified investment portfolios. Now imagine you cannot touch any of it for 10 years. No checking. No adjusting. No reacting to whatever headlines appear along the way.

It is a popular misconception that the simple and effective answer to an ailing loved one’s ability to deal with their finances is the drafting of a power of attorney. However, you may be surprised, even shocked, to learn that the power of attorney loses all of its power under certain circumstances that you would have imagined it was specifically designed for. What do you do when the Power of Attorney runs out of power?